The rent prices in real estate in Cobbitty, in the New South Wales region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Cobbitty has risen strongly during the last 6 months. In November, the average price per m² was $0.58. In the following month the price per m² rose considerably to $0.71. In the following two months the price per m² has risen 111 %, going from $0.64 to $0.71 per m². The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $0.68 to $0.7 during March y April
When referring to the price in Cobbitty (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $611. In December This price remains at $594. In the following two months the average price has hardly changed with regard to the previous two months from $602.5 to $630.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $616.5 and $634.5 between March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $634 they are 35 % more affordable than the average price for Cobbitty . The properties with the highest average price have 4 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at $624.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.63 / m², with an average $0.71 / m² price in Cobbitty. The properties with the most expensive average prices have 1 bedroom. They are 72 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.88 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $634 it is 39 % more affordable than the average price in Cobbitty. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $568 it is 3 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.69 / m² followed by "Apartment" priced at $0.83 / m². "Condo" is the most expensive type of property with a $0.84 / m² value followed by "Apartment" with an average price of $0.83 / m².